Income Tax Refund: A month is about to pass and your income tax refund is still stuck, then you do not need to worry. Yes, for this you first need to know why your refund is stuck, after that you can request for its re-issue.
Income Tax Refund: Rahul, who works in the IT sector, had filed ITR on time this year as well, like every year. Last year his tax refund came after a week, but this time it has not been processed yet. Now Rahul is worried. Actually, filing ITR timely does not mean that you will get your refund soon. There are many steps in the tax refund process. If something goes wrong in any step, then the entire process may get delayed.
This can cause delay in tax refund
You are eligible for tax refund when the tax already paid by you is more than your actual tax liability. The Income Tax Department calculates it after considering all deductions and exemptions during assessment. Income Tax Return (ITR) refund can be delayed due to many reasons. If the taxpayer has not done his ITR through Electronic Verification Code (EVC) or through Central Processing Center (CPC), then his refund can be delayed.
Income figures not matching is also the reason for delay
Apart from this, errors in ITR details like non-matching of income figures, wrong bank account information or error in PAN details also cause delay in ITR processing and refund. In cases where the ITR involves complex income sources or various deductions, such ITRs need to be proceeded manually. This is the reason why processing and refund of such ITRs can usually take more time.
Apart from this, delays can also occur due to backlog in CPC. Especially during peak filing or due to non-compliance of the notice or request of the Income Tax Department by the taxpayer. Therefore, any taxpayer should try to file his return well before the stipulated time limit.
Also Read- Belated ITR: What is the process for filing belated income tax return, what is the penalty?
What to do in case of delay in ITR refund?
If your refund is also getting delayed, then you should first check the status on the Income Tax e-filing portal. This will give you information about the current status of processing. If the reason for the delay in your refund is not clear, you can register a complaint by going to the ‘e-Nivaran’ section on the e-filing portal or you can also contact the CPC helpline for updates. It is important to respond quickly to any notice or request from the Income Tax Department as delay in your response may increase the processing time.
How to raise the issue of tax refund
If your refund process is stuck for a long time, then you may have to file a re-issue request for refund. How can you do this? Let’s know-
- First of all go to the ITR e-filing portal and login with your credentials.
- After this go to the ‘Service’ tab and click on the ‘Refund Re-issue’ button.
- Now a new webpage will open. Click on ‘Refund Reissue Request’. Now select the ITR here and you want to request for re-issue of refund.
- Here select the bank account where you want to receive the refund. If the selected account is not verified then you have to verify it first.
- Now click on Proceed and choose a verification method Aadhaar OTP, EVC or DSC. Complete the process after receiving the OTP.
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